Skytap today announced it completed a $7 million Series B round of funding from Ignition Partners, Madrona Venture Group and Washington Research Foundation. The funds will be used to bolster the company’s product development, sales and marketing efforts.
Skytap’s rapidly growing list of customers utilize its cloud-based virtual lab solution to augment or replace dynamic, high cost IT environments such as those used for application development and testing, IT prototyping, product demonstrations and technical training. By allowing users to scale resources on-demand and pay only for time and resources utilized, customers can immediately reduce costs, increase productivity and improve responsiveness to business demands.
Since emerging from stealth less than one year ago, Skytap has achieved strong customer traction and third-party recognition for its innovative virtual lab offering.